Solarfun 4Q Profit More Than Triples

Net income for the quarter was 33.1 million yuan, or .17 yuan per American depositary share ($4.2 million, or 11 cents per American depositary share), up from 10.2 million yuan, or .15 yuan per ADS. Year-earlier income figures were not available.

Revenue for the quarter was $31.4 million, or 244.7 million yuan, up from 79.7 million yuan in the year-ago period.

Income for the full year was 105.9 million yuan, or .74 yuan per ADS ($13.6 million, or 48 cents per ADS), up from 14.4 million yuan, or .22 yuan per ADS.

American depositary shares of Solarfun, which have traded between $9.90 and $17.10 since the company went public in December, were down 96 cents, or 7.1 percent, at $12.61 in afternoon trading on the Nasdaq Stock Market.